Turkish Airlines (TK, Istanbul Airport) has submitted a EUR275 million euro (USD320 million) binding offer to acquire between 26% and 27% of Spanish carrier Air Europa (UX, Palma de Mallorca), according to local news reports.

Separately, Turkish Airlines confirmed to Türkiye’s public disclosure platform (Kamuyu Aydinlatma Platformu – KAP) that it had decided to submit an offer to acquire a minority stake as investing in Air Europa “will be compatible with the long-term value creation targets within the scope of our 2033 strategy.”…

Source: ch aviation
Read more: Turkish Airlines to bid 0mn for 26-27% of Air Europa